Can new equipment lower your tax bill?

Taking Advantage of the Section 179 Tax Deduction for New Equipment

If you’ve been putting off replacing unreliable or inefficient equipment, now may be a better time than you think to invest in your business and take advantage of a game-changing tax benefit. According to section179.org, all businesses that purchase, finance, and/or lease new business equipment during tax year 2020 should qualify for the Section 179 deduction. What does that mean to you?

Section 179 allows your business to write off the entire purchase price of qualifying equipment for the current tax year (up to $1,000,000), which means that you can purchase the equipment that you need now. In fact, much of the equipment businesses purchased to comply with COVID-19 restrictions, such as sanitizing stations, dividers, and new printed signage, will also qualify for the Section 179 tax Deduction. You’ll find details on the new Section 179 and COVID-19 page. Even if your business received a PPP loan or any other pandemic-related assistance, you may still claim the Section 179 Deduction.

If you’re considering making an equipment purchase in the current tax year, the Section 179 Deduction Calculator for 2020, along with the advice of your CPA, can help you make the most profitable decision for your business.

Advantages of Financing and Leasing Equipment with Section 179

By leasing or financing equipment and then taking the Section 179 deduction, you can deduct the full amount of the equipment, even though you will not be paying for it in full this year. The amount you save in taxes may exceed the payments, making this a very bottom-line and cash flow-friendly deduction.

Financing Resources Available for Welbilt Equipment

Welbilt’s partnership with Marlin Capital can provide you flexible financing solutions to acquire the quality equipment you need from Welbilt’s industry-leading brands without an up-front cash investment: 

  • Flexible pay structures and predictable, low monthly payments
  • One monthly payment covering equipment, installation, service, and freight costs
  • Credit preservation
  • Tax benefits


We recommend checking with your tax professional to see how Section 179 may help you get new equipment and protect your business’s financial health at the same time. 

When you’re ready to find the best equipment to support your operation with new features for improved efficiency, safety, and user-friendliness, contact us. We’re here to help.

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